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Bad debt judgments of €220m awarded in first 6 months of 2015

Written by Robert McHugh, on 21st Jul 2015. Posted in Financial

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New figures released today by Vision-net.ie show that 2,308 commercial and consumer judgments have been awarded by the courts in the first 6 months of 2015.
 
Furthermore, the total value of these judgments stand at just over €220 million, an increase of 32% on 2014. The average value of judgments during this period was €95,333, an increase of 27% on the same period in 2014 (€74,818). 
 
Managing Director of vision-net.ie, Christine Cullen said, "despite all recent positive economic sentiment, the burden of debt still looms large for thousands of businesses, families and communities across Ireland."

Source: www.businessworld.ie

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